Latest News- E-Bike Market: SLA batteries is expected to lead the Battery Type segment during 2025-2029
The E-Bike Market is being driven by Increasing sustainability and environmental concerns
The E-Bike Market is expected to grow at a CAGR of 10.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 28304.5 million. The surge in popularity of ride-sharing, ride-hailing, and vehicle rental services has significantly influenced the adoption of connected vehicles, including e-bikes. Connected e-bikes, a result of this trend, offer real-time location tracking for both e-bike sharing companies and users. This connectivity enhances the business model of bike-sharing, making it a crucial component of urban mobility. With integration into Mobility-as-a-Service (MaaS) networks, e-bikes can be easily tracked, booked, and paid for via smartphone applications. The potential of connected e-bikes lies in their seamless integration into the broader transportation ecosystem.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Battery Type (SLA batteries, Li-ion batteries) Propulsion (Pedal assist, Throttle assist) Geography (APAC, Europe, North America, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in E-Bike Market Research Report
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The electric bike market encompasses various aspects, including maintenance tips, renowned brands, rental options, and sustainable urban transportation. Electric bikes offer diverse speeds, safety features, and laws to adhere to. Reviews provide insights into performance, range, innovation, and accessories. E-bikes cater to families, seniors, and off-road enthusiasts, ensuring a quiet riding experience and insurance coverage. Safety, commuting, design, and comparison are key factors in selecting the ideal e-bike for your needs. Additionally, e-bikes offer trails for touring and diverse accessories for enhanced functionality.
The micro-mobility segment within the leisure products market, specifically the E-Bike industry, is experiencing significant growth due to several key factors. Technavio projects that investment in this sector will continue to expand, driven by advancements in connectivity and technology. Mid-drive motors, bicycle-to-vehicle integration, and pedal assist systems are revolutionizing the cycling experience, making e-bikes increasingly attractive as alternatives to public transportation and traditional vehicles. As health and fitness trends persist, the global household durables market, which includes leisure products, is poised for growth. This market expansion is fueled by rising memberships in health and fitness clubs and the subsequent demand for innovative, tech-driven fitness solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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